Effective dates for UK GAAP

UK GAAP standards are frequently amended so it is important to know the changes in the requirements and their effective dates.

The FRC favours issuing standards and amendments to be effective for accounting periods beginning on or after 1 January in any given year. Future changes are generally available for early adoption.

The table below summarises the amendments according to calendar years. Some amendments are effective for annual periods beginning on or after a certain date and others are available for financial statements approved after a certain date. Links are provided to our UK accounting standards pages where further details of the changes can be found. More information on the individual standards can be found at icaew.com/ukgaap.

The Financial Reporting Faculty publishes annual factsheets setting out the mandatory requirements coming into effect for a particular accounting period. Financial Reporting Faculty members, Faculties Online and International Standards subscribers can access the UK GAAP factsheets.

Effective	Amendment	Standard(s) Affected
Annual periods beginning on or after 1 January 2023	Amendments to FRS 101 Reduced Disclosure Framework and Amendment to FRS 101 Reduced Disclosure Framework – Effective date of IFRS 17	FRS 100 FRS 101 FRS 102
Financial statements approved after 21 May 2021	Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle	FRS 101
Annual periods beginning on or after 1 January 2021	Amendments to UK and Republic of Ireland Accounting Standards – UK Exit from the European Union	FRS 100 FRS 101 FRS 102 FRS 103 FRS 104 FRS 105
	Amendments to FRS 102 – Interest Rate Benchmark Reform (Phase 2)	FRS 102
	Amendments to FRs 102 and FRS 105 – Covid-19-related rent concessions beyond 30 June 2021	FRS 102 FRS 105
	Amendments to FRS 104 Interim Financial Reporting – Going concern	FRS 104
Financial statements approved after 29 May 2020	Amendments to FRS 101 Reduced Disclosure Framework – 2019/20 cycle	FRS 101 FRS 102
Annual periods beginning on or after 1 January 2020	Amendments to FRS 102 – Multi-employer defined benefit plans	FRS 102
	Amendments to FRS 102 – Interest Rate Benchmark Reform (Phase 1)	FRS 102
	Amendments to FRS 102 and FRS 105 – Covid-19-related rent concessions	FRS 102 FRS 105
Annual periods beginning on or after 1 January 2019	Amendments to FRS 102 -Triennial Review	FRS 100 FRS 101 FRS 102 FRS 103 FRS 104 FRS 105
Annual periods beginning on or after 1 January 2018	Amendments to FRS 101 Reduced Disclosure Framework – 2015/16 cycle	FRS 101